Steep inflation, meet slow wage growth
Summary
This episode analyzes recent inflation data showing prices rising faster than wages, creating a disconnect between Wall Street’s optimism and consumer hardship. It explores agricultural supply reports, tight refined oil markets, and historical parallels to the 1938 Munich Agreement regarding geopolitical risks. The show also covers new fractional home ownership models and the resilience of the physical book publishing industry.
Topics discussed
Intro and Capital One Venture X ad
Inflation data, real wages, and consumer spending
USDA WASDE report on corn and soybean yields
Refining capacity squeeze and fuel prices
Markets, Iran conflict, and historical parallels
Market numbers and sponsor ads
Fractional home ownership startups
Publishing industry revenue and book formats
Treasury auction yields and listener survey
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